Business- balance sheets

HideShow resource information
Fixed assets
Items owned by the business which is expected to keep for a long time. E.G. Premises
1 of 5
Current assets
Items owned by the business or owed to the business. E.G. Stock
2 of 5
Long-term liabilities
Oweed by the business which are due to paid longer than a year. E.G. Mortgage
3 of 5
Current liabilities
Owed by the business to be paid in less than a years time. E.G. Suppliers
4 of 5
What is a balance sheet?
Tells you what a business owns at any one time and what it owes.
5 of 5

Other cards in this set

Card 2

Front

Items owned by the business or owed to the business. E.G. Stock

Back

Current assets

Card 3

Front

Oweed by the business which are due to paid longer than a year. E.G. Mortgage

Back

Preview of the back of card 3

Card 4

Front

Owed by the business to be paid in less than a years time. E.G. Suppliers

Back

Preview of the back of card 4

Card 5

Front

Tells you what a business owns at any one time and what it owes.

Back

Preview of the back of card 5

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Balance sheets resources »